Category: family law

Generally speaking, in Maryland divorce proceedings, the spouses are required to divide all marital assets. Typically, the division must be “equal,” but there are circumstances where the division can be “somewhat” less than equal (particularly if the couple is in agreement). Because many life insurance policies – like a whole life or universal life policy… Continue reading What About Life Insurance In a Maryland Divorce?

In simple terms, Maryland divorce law distinguishes “marital” and “non-marital” property. Property owned by one spouse or the other before the marriage is considered “non-marital.” When a divorce happens, the non-marital property and assets remain with the spouse that originally owned them. Other non-marital property includes inheritances and gifts from some third party (that is,… Continue reading Dividing Retirement Accounts in a Maryland Divorce

With the financial and emotional toll that divorce can take, issues such as retirement provision can seem like only one of many issues that require your attention. However, it is vital to ask yourself the questions of “What happens to my 401K when I divorce?” and “What happens to my IRA in a divorce?” otherwise… Continue reading Are My 401(k) And IRA Subject To Division During A Divorce?

Did you know that there are some retirement assets such as 401Ks, 403Bs, and qualified plans that aren’t automatically divided during a divorce? What this means is you could end up significantly losing out if you don’t act now and apply for a QDRO to ensure your interests are protected. Fortunately, you can read all… Continue reading What Is A QDRO? And How Does A QDRO Work In A Divorce?